Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 5 October 2021 6:12 pm

  U.S: Markit Services PMI edges lower to 54.9

  

  The business activity in the US service sector continued to expand in September albeit at a softer pace than it did in August with IHS Markit’s Services PMI retreating to 54.9 (final) from 55.1 in August. Nevertheless, this reading came in higher than the advanced estimate and the market expectation …

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• 5 October 2021 6:10 pm

  Canada: International trade surplus widens to C$1.94B

  

  Canada’s merchandise trade surplus with the world widened to C$1.94 billion in August from C$736 million in July, the monthly data published by Statistics Canada revealed on Tuesday. This reading beat the market expectation for a surplus of C$0.35 billion by a wide margin.

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• 5 October 2021 6:09 pm

  US: Goods And Services Deficit Expands to $73.3B

  

  The goods and services deficit of the US expanded by $2.9 billion to $73.3 billion in August from $70.3 billion in July, the US Census Bureau reported on Tuesday. This reading came in worse than analysts’ estimate for a deficit of $70.5 billion.

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• 5 October 2021 4:27 pm

  US Stock Futures Regain Some of Yesterday’s Losses

  

  Stock futures rebounded on Tuesday as some investors bought declines in technology stocks, Dow Jones Industrial Average futures gained 101 points or 0.3%, S&P 500 futures rose 0.3% and Nasdaq 100 futures gained 0.4%. Facebook shares added 1.5% in pre-market trading after dropping 5% on Monday due to whistleblower claims …

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• 5 October 2021 3:44 pm

  Bitcoin Exceeds Significant Levels, With Adoption Approaching in a New Country

  

  The largest digital currency, Bitcoin, has managed to reach its highest levels in nearly a month, specifically since the start of accepting Bitcoin payments in El Salvador on September 7. Bitcoin was seen a few minutes ago, above the levels of 50 thousand dollars, after rising more than 5%, and …

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• 5 October 2021 2:45 pm

  The Dollar Climbs to a Year High

  The dollar rebounded to a one-year high against other major currencies on Tuesday, ahead of an important US jobs report due at the end of the week, which could increase the Federal Reserve’s motivation to start tapering stimulus by next month. The dollar, which is considered a safe haven, also …

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• 5 October 2021 1:45 pm

  Oil Rises After OPEC+ Adheres to Supply Restrictions

  

  Oil prices rose on Tuesday, October 5, reaching their highest levels in at least three years, extending gains made during the previous session after the world’s major oil producers announced their decision to maintain a curb on crude supplies. Brent crude rose 23 cents, or 0.3%, to $81.49 a barrel, …

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• 5 October 2021 1:11 pm

  Gold Falls Due to The Rise of The Dollar

  

  Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday’s US jobs numbers, which may have an impact on the US Federal Reserve’s plans to cut stimulus. And gold …

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• 5 October 2021 12:32 pm

  Nikkei Falls to a One-Month Low

  

  Japanese stocks fell to a one-month low on Tuesday as growth stocks were hit hard, as rising oil prices heightened concerns about inflation and monetary tightening globally. The Nikkei index fell by 2.19% to close at 27822.12 points. The broader Topix index lost 1.33% to 1947.75 points, above its 200-day …

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• 5 October 2021 3:24 am

  Biden ponders lower spending package to avoid block

  

  Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …

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• 5 October 2021 3:14 am

  Facebook suffers worst selloff of 2021

  

  The social media giant’s stock on Monday retreated by nearly 5% in its worst daily loss since November. The decline came after Facebook’s worst outage since 2008. Facebook retreated to $315 level, however it closed Friday at $326.23 a share.The company came under additional pressure after whistleblower Frances Haugen revealed …

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• 5 October 2021 3:02 am

  Tesla’s good news on sales and chip problems

  

  Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales. U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the …

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• 5 October 2021 2:17 am

  General Motors’ electric-vehicle backed by hedge fund

  

  General Motors is planning for autos to be fully electric is based upon plans to electrify its vehicle lineup after the famous U. S. company won the support of an impact investment group. The hedge fund Engine No. 1, which was announced in January when it won three seats on …

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